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Aesthetic Market Booms: Global Trends
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The global medical aesthetics market is valued at $35 billion in 2023 and is expected to grow at a rate of 9.3% from 2023 to 2035. The industry features over 200 companies providing products such as Botulinum toxin and aesthetic fillers, with a focus on minimally invasive procedures. South Korea stands out for its high rate of cosmetic surgeries per capita, emphasizing the global interest in aesthetics. Regulatory adherence is essential to mitigate risks, while strategic partnerships are fueling product portfolio expansion.
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How might the increasing popularity of minimally invasive procedures impact traditional surgical practices?
In what ways do strategic partnerships in the industry influence product innovation and market competitiveness?
What regulatory challenges could arise as the medical aesthetics market continues to expand globally?
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